2. 145 overnightin asia, look at whats been happening. You can see the nikkei closed down by a quarter of a percentage point the hang seng off by 1. 2 . The shanghai was flat. Lets look at whats happening in the european markets in early trading. At this point there are red arrows across the board there as well biggest decliner is the cac, which is down by 1 . The ftse and dax are off by 0. 8 when it comes to currencies. You will see right now the dollar is up across the board. Euro at 1. 1163 crude oil prices which were down 3. 7 yesterday, the lowest settlement weve seen since november 14th, you can see this morning down once again. Another 11 cents to 44. 62. We want to bring you an update on the terrible shooting that took place yesterday. Republican congressman Steve Scalise is in Critical Condition this morning after he was shot by a gunman yesterday. Squawk was on while this happened the congressman was shot in the hip, underwent surgery at Medstar Washington Hospital Center a s
Built around, stared straight on. Body language of some jurors showed frustration. All of us are tired, but it is really not important to do this quickly, it is more important to do it right. Reporter cosbys Team Immediately reacted. Mr. Cosby should not be here today. Reporter they applauded jurors for what they said was a careful review and retrial of the evidence in the jury room. We can see the way we came in, and not guilty and a innocent man. Jury has been at work for 35 hours and counting, it is unclear what the hold up is, fit is possibly 11 jurors one way or one the other, we just cant tell that and the court, of course is not revealing that information. Going to the heart of this matter, of course, all along has been question of consent and for many accusers out here , what happens inside of this court room, bears important in some of their civil cases moving forward. We did speak to one of these accusers moments after the jury announced it was dead locked. Im working on that
Joe sure. They asked it earlier this month, and what it is, it is the annual defense policy bill in the senate version, in this case, they authorized about 56 billion in funding and related provisions for the pentagon. That 696 billion figure, it exceeds the cap set in the budget control act. How will congress reconcile that . Joe that is a huge question. The budget cap for defense, the know is 549 billion. So what it would take to ease the spending cap is a change in the law, and a change in the law takes 60 votes in the senate, and 60 votes in the senate takes Senate Democrats. So what we know is that if Senate Democrats have leverage, in this deal, they are likely to press for more on the nondefense budget, which is likely to lower the defense side of the budget. Thats 596 billion number we are talking about is likely to come down. Lets go to investments, what does this bill called for in terms of ships and planes . Joe what is interesting about this bill, what we have heard from th
Joe sure. They asked it earlier this month, and what it is, it is the annual defense policy bill in the senate version, in this case, they authorized about 56 billion in funding and related provisions for the pentagon. That 696 billion figure, it exceeds the cap set in the budget control act. How will congress reconcile that . Joe that is a huge question. The budget cap for defense, the know is 549 billion. So what it would take to ease the spending cap is a change in the law, and a change in the law takes 60 votes in the senate, and 60 votes in the senate takes Senate Democrats. So what we know is that if Senate Democrats have leverage, in this deal, they are likely to press for more on the nondefense budget, which is likely to lower the defense side of the budget. Thats 596 billion number we are talking about is likely to come down. Lets go to investments, what does this bill called for in terms of ships and planes . Joe what is interesting about this bill, what we have heard from th
But, it was a different story indeed for the department stores. And now many are closing. Here is jericka duncan. Reporter with Holiday Shopping over, the Retail Store Closing season has begun. With macys leading the charge. The nations Largest Department store announced it will close 100 stores, about 14 of its entire fleet and shed 10,000 jobs. One reason, a failure to adapt to the cultural shift in consumer shopping. Retail strategist melissa gonzalez. Theyre not as nimble. Cant change. Not Technology First companies. So theyre starting to reevaluate and restrk chur and some going out of business, but they need to deliver Something Different to consumers now. Sears holdings shuttering 100 k mart and sears stores. Office depot, 450 stores. And a dozen more like aeropostale, American Eagle and childrens place announced more than 100 stores will close by end of 2017. Traditional retailers stumbled despite a strong year for the Retail Industry overall. It saw nearly 3 increase in sales